UK Commercial Property Chart Pack Capital value downturn extends to 12 months in October IPD all-property initial yields were unchanged in October, but the small drop in rents meant that capital values fell further. Indeed, there have now been 12 consecutive monthly falls in capital... 20th November 2012 · 1 min read
China Chart Pack Private sector on sidelines of investment rebound The last two months have brought strong evidence that China’s economy is picking up speed. But this is a lopsided recovery. Small firms are still struggling, according to the official manufacturing... 20th November 2012 · 1 min read
Middle East & North Africa Economics Update Saudi slowdown continues Our Saudi Activity Proxy shows that the economic slowdown continued at the end of the last quarter. Overall, it looks like GDP growth slowed to around 2.5% y/y in Q3 from 5.5% y/y in Q2. 20th November 2012 · 1 min read
UK Economics Focus Are retailers’ cost pressures past their worst? After enduring a series of cost shocks in recent years alongside stagnant consumer demand, retailers could be forgiven for thinking that the squeeze on their profits will never cease. Nonetheless, the... 20th November 2012 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Oct.) The Bank of Japan’s asset purchase program continues to drive growth in the monetary base. There are few signs of this feeding through to stronger credit demand. 20th November 2012 · 1 min read
Canada Economics Update Economic growth likely to remain sluggish Canada's economy is entering a slow growth zone. With external headwinds continuing to challenge exports and business confidence, stagnation in the domestic housing market is further casting doubt... 20th November 2012 · 1 min read
Capital Daily Fiscal cliff hopes lift risk markets despite Gaza crisis 20th November 2012 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q3 12) Despite the fall in overall GDP in Q3, Norway is still weathering the euro-zone debt crisis rather well. 20th November 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) The improvement in existing home sales, which continued in October, is being driven by the very favourable level of housing valuations and affordability. The combination of rising demand and tight... 19th November 2012 · 1 min read
US Economics Update Monetary Indicators Monitor (Oct.) The annual growth rate of our measure of the broad M3 monetary aggregate edged up slightly to 5.5% in October and, with the Fed hinting at an expansion of its QE3 large-scale asset purchases in the... 19th November 2012 · 1 min read
Emerging Markets Economics Update Which EM currencies are cheap and which are expensive? Within the emerging world, the currencies of Russia, Brazil, Egypt, Venezuela and Turkey look most overvalued. By contrast, the currencies of most Asian economies, including China, look undervalued. 19th November 2012 · 1 min read
Japan Chart Pack Sustained slowdown under way Japan’s economy saw a large contraction in the third quarter and looks set for a second contraction in Q4. Output indicators have fallen and improvements in the labour market earlier in the year are... 19th November 2012 · 1 min read
Latin America Economics Update Chile: solid Q3 growth driven by domestic demand Chile’s economy posted another quarter of solid GDP growth in Q3, as an acceleration of consumption and investment offset export weakness. But a sharp rise in the current account deficit suggests that... 19th November 2012 · 1 min read
UK Housing Market Update Outlook for housebuilding still bleak The tick-up in housebuilding starts in the third quarter is likely to be a blip. With builders increasingly viewing their current stock of homes as more than adequate to meet expected demand, they... 19th November 2012 · 1 min read
Global Markets Update The global fall-out from Middle East tensions The escalation of the conflict between Israel and Hamas has contributed to the recent resilience of oil prices and the fragility of equities. The avoidance of a full-scale ground war in Gaza might... 19th November 2012 · 1 min read
Asia Economics Update Thailand’s weak growth likely to prompt more stimulus Thailand’s Q3 GDP figures show that the economy’s post-flood recovery has succumbed to weak global demand. We expect the global economy to continue to struggle, which in turn should prompt the Bank of... 19th November 2012 · 1 min read
